Nifty
:
26033.75
Sensex
:
85265.32
47.75 (0.18%)
158.51 (0.19%)
Nifty
Sensex
:
:
26033.75
85265.32
47.75 (0.18%)
158.51 (0.19%)

Bharat Forge Ltd.

Forgings

Rating :
60/99

BSE: 500493 | NSE: BHARATFORG

NSE BSE
1394.30
04-Dec-2025
  • Open
  • High
  • Low
  • Previous Close
  •  1405
  •  1419.3
  •  1389.7
  •  1406.70
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  805774
  •  1130334241.5
  •  1460.2
  •  919.1

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 66,624.04
  • 61.82
  • 2
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 71,988.23
  • 0.61%
  • 7.12

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 44.07%
  • 0.62%
  • 7.83%
  • FII
  • DII
  • Others
  • 13.62%
  • 30.52%
  • 3.34%

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 8.31
  • 19.00
  • 5.41

EBITDA CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 6.39
  • 24.88
  • 8.98

PAT CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 3.73
  • 33.48
  • 21.22

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • 47.82
  • 61.67
  • 65.59

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 5.98
  • 6.57
  • 7.20

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 22.40
  • 25.38
  • 23.70

Earnings Forecasts:

(Updated: 29-11-2025)
Description
2024
2025
2026
2027
Adj EPS
20.05
26.78
35.39
42.51
P/E Ratio
69.54
52.06
39.40
32.80
Revenue
15122.8
16204.4
18498.3
20446.8
EBITDA
2713.12
2881.32
3446.47
3935.69
Net Income
941.15
1274.24
1687.82
2030.57
ROA
4.77
6.98
9
10.48
P/B Ratio
7.20
6.40
5.72
5.06
ROE
11.46
12.91
15.28
16.38
FCFF
-39.71
1090.05
1276.8
1764.46
FCFF Yield
-0.05
1.5
1.76
2.43
Net Debt
4073.27
3507.26
2924.76
1894.76
BVPS
193.55
217.79
243.78
275.39

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Sep 25
Sep 24
Var%
Jun 25
Jun 24
Var%
Mar 25
Mar 24
Var%
Dec 24
Dec 23
Var%
Net Sales
4,031.93
3,688.51
9.31%
3,908.75
4,106.15
-4.81%
3,852.60
4,164.21
-7.48%
3,475.54
3,866.41
-10.11%
Expenses
3,306.27
3,041.23
8.71%
3,235.85
3,365.19
-3.84%
3,171.28
3,520.93
-9.93%
2,851.16
3,168.55
-10.02%
EBITDA
725.65
647.27
12.11%
672.90
740.96
-9.19%
681.33
643.28
5.91%
624.38
697.86
-10.53%
EBIDTM
18.00%
17.55%
17.22%
18.05%
17.68%
15.45%
17.97%
18.05%
Other Income
53.51
61.65
-13.20%
49.72
51.65
-3.74%
62.10
54.83
13.26%
38.37
55.95
-31.42%
Interest
80.09
109.81
-27.06%
82.22
123.71
-33.54%
88.00
115.52
-23.82%
95.96
136.82
-29.86%
Depreciation
240.89
213.35
12.91%
226.10
218.27
3.59%
223.76
207.11
8.04%
218.25
223.67
-2.42%
PBT
458.19
385.76
18.78%
414.31
298.86
38.63%
426.37
365.26
16.73%
348.54
393.33
-11.39%
Tax
157.55
141.88
11.04%
127.12
124.97
1.72%
141.48
138.70
2.00%
134.22
140.59
-4.53%
PAT
300.64
243.88
23.27%
287.19
173.89
65.16%
284.90
226.56
25.75%
214.31
252.74
-15.21%
PATM
7.46%
6.61%
7.35%
4.23%
7.39%
5.44%
6.17%
6.54%
EPS
6.26
5.23
19.69%
5.93
4.36
36.01%
5.90
5.07
16.37%
4.45
5.68
-21.65%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone
Description
TTM
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Net Sales
15,268.82
15,122.80
15,682.07
12,910.26
10,461.08
6,336.26
8,055.84
10,145.73
8,357.69
6,396.14
6,809.15
Net Sales Growth
-3.52%
-3.57%
21.47%
23.41%
65.10%
-21.35%
-20.60%
21.39%
30.67%
-6.07%
 
Cost Of Goods Sold
6,656.84
6,594.33
7,379.19
5,961.36
4,215.96
2,634.16
3,576.53
4,214.34
3,281.12
2,435.78
2,568.04
Gross Profit
8,611.98
8,528.46
8,302.88
6,948.91
6,245.12
3,702.11
4,479.31
5,931.40
5,076.57
3,960.37
4,241.12
GP Margin
56.40%
56.39%
52.95%
53.82%
59.70%
58.43%
55.60%
58.46%
60.74%
61.92%
62.29%
Total Expenditure
12,564.56
12,505.71
13,124.13
11,208.15
8,493.04
5,474.52
6,945.51
8,125.00
6,640.89
5,145.10
5,401.07
Power & Fuel Cost
-
817.23
766.50
827.88
576.84
396.10
481.43
591.89
491.55
405.00
422.95
% Of Sales
-
5.40%
4.89%
6.41%
5.51%
6.25%
5.98%
5.83%
5.88%
6.33%
6.21%
Employee Cost
-
1,869.89
1,860.00
1,563.10
1,464.68
1,071.06
1,195.46
1,246.30
1,089.20
930.92
915.26
% Of Sales
-
12.36%
11.86%
12.11%
14.00%
16.90%
14.84%
12.28%
13.03%
14.55%
13.44%
Manufacturing Exp.
-
1,677.93
1,766.83
1,464.66
1,260.38
747.76
879.09
1,129.96
974.10
750.44
836.33
% Of Sales
-
11.10%
11.27%
11.34%
12.05%
11.80%
10.91%
11.14%
11.66%
11.73%
12.28%
General & Admin Exp.
-
349.01
260.00
200.39
162.76
148.39
119.89
154.03
125.16
110.31
101.55
% Of Sales
-
2.31%
1.66%
1.55%
1.56%
2.34%
1.49%
1.52%
1.50%
1.72%
1.49%
Selling & Distn. Exp.
-
496.90
473.39
635.11
445.31
179.03
261.36
305.94
209.34
161.22
202.45
% Of Sales
-
3.29%
3.02%
4.92%
4.26%
2.83%
3.24%
3.02%
2.50%
2.52%
2.97%
Miscellaneous Exp.
-
700.40
618.22
555.66
367.12
298.03
431.75
482.54
470.42
351.42
202.45
% Of Sales
-
4.63%
3.94%
4.30%
3.51%
4.70%
5.36%
4.76%
5.63%
5.49%
5.21%
EBITDA
2,704.26
2,617.09
2,557.94
1,702.11
1,968.04
861.74
1,110.33
2,020.73
1,716.80
1,251.04
1,408.08
EBITDA Margin
17.71%
17.31%
16.31%
13.18%
18.81%
13.60%
13.78%
19.92%
20.54%
19.56%
20.68%
Other Income
203.70
290.62
231.84
238.27
243.80
168.90
187.86
230.00
142.01
119.28
132.13
Interest
346.27
417.49
495.58
298.62
160.41
107.73
171.33
127.22
106.53
99.96
115.96
Depreciation
909.00
873.62
848.20
735.59
730.30
612.16
543.34
513.16
460.69
452.05
452.98
PBT
1,647.41
1,616.60
1,446.00
906.17
1,321.13
310.75
583.53
1,610.36
1,291.59
818.32
971.27
Tax
560.37
542.55
528.83
318.56
303.45
101.51
112.46
566.38
441.79
286.59
316.48
Tax Rate
34.02%
37.17%
36.89%
37.03%
21.47%
2245.80%
22.29%
35.17%
36.93%
30.27%
32.77%
PAT
1,087.04
941.15
951.13
528.37
1,081.76
-96.40
392.74
1,043.55
762.83
654.05
652.43
PAT before Minority Interest
1,086.12
913.27
910.16
508.39
1,077.06
-96.99
392.15
1,043.97
754.35
660.15
649.33
Minority Interest
-0.92
27.88
40.97
19.98
4.70
0.59
0.59
-0.42
8.48
-6.10
3.10
PAT Margin
7.12%
6.22%
6.07%
4.09%
10.34%
-1.52%
4.88%
10.29%
9.13%
10.23%
9.58%
PAT Growth
21.18%
-1.05%
80.01%
-51.16%
-
-
-62.37%
36.80%
16.63%
0.25%
 
EPS
22.74
19.69
19.89
11.05
22.63
-2.02
8.21
21.83
15.96
13.68
13.65

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Shareholder's Funds
9,253.33
7,170.18
6,705.53
6,570.67
5,415.12
5,219.74
5,376.06
4,651.71
4,116.37
3,413.22
Share Capital
95.63
93.13
93.13
93.13
93.13
93.13
93.13
93.13
46.57
46.57
Total Reserves
9,144.97
7,064.32
6,608.66
6,475.92
5,321.99
5,126.61
5,282.93
4,558.58
4,069.80
3,366.65
Non-Current Liabilities
1,974.59
2,738.54
3,216.20
2,750.86
3,123.23
2,263.30
2,063.57
1,541.76
1,508.17
2,014.22
Secured Loans
659.95
448.03
459.54
486.69
454.21
0.67
10.66
191.05
242.00
245.19
Unsecured Loans
659.42
1,410.95
1,291.73
1,300.65
1,762.96
1,874.06
1,667.86
935.18
817.07
1,392.95
Long Term Provisions
219.22
180.68
141.17
176.07
192.31
172.18
134.29
132.09
131.54
116.57
Current Liabilities
8,703.01
9,280.11
8,276.86
6,114.22
4,517.73
3,967.39
4,108.81
3,753.88
3,206.16
2,868.78
Trade Payables
2,344.21
2,262.12
2,151.34
1,631.37
1,206.84
1,030.93
1,366.44
1,326.79
846.33
837.20
Other Current Liabilities
1,854.48
1,801.93
1,633.36
1,001.86
789.34
777.67
516.72
742.14
1,025.92
654.78
Short Term Borrowings
4,270.12
5,005.14
4,353.40
3,339.44
2,362.59
2,003.63
2,094.33
1,584.82
1,262.18
1,305.22
Short Term Provisions
234.19
210.91
138.75
141.55
158.96
155.16
131.32
100.13
71.73
71.58
Total Liabilities
19,898.18
19,183.95
18,234.66
15,491.83
13,087.78
11,482.42
11,578.28
9,976.77
8,840.74
8,291.96
Net Block
6,598.75
6,309.09
6,160.62
4,869.70
4,749.68
4,001.71
3,624.31
3,499.41
3,276.78
3,133.97
Gross Block
12,367.14
11,040.21
10,267.65
8,246.20
7,675.30
6,401.68
5,551.78
4,939.06
7,232.81
6,832.52
Accumulated Depreciation
5,648.08
4,731.12
4,107.03
3,376.50
2,917.17
2,399.97
1,927.47
1,439.64
3,956.02
3,698.55
Non Current Assets
9,665.83
9,168.44
9,232.64
7,560.87
6,873.34
6,211.37
6,039.38
5,395.90
4,620.69
4,037.58
Capital Work in Progress
1,731.72
991.24
701.16
1,124.76
900.11
1,142.67
830.68
343.78
453.18
408.81
Non Current Investment
709.74
823.50
1,518.77
695.73
529.87
552.23
983.65
1,117.43
368.68
162.57
Long Term Loans & Adv.
448.69
932.48
745.24
565.32
464.40
407.58
386.44
308.93
332.44
225.38
Other Non Current Assets
148.77
111.84
106.57
305.08
229.27
107.18
214.29
126.36
189.61
106.83
Current Assets
10,232.34
10,015.51
9,002.02
7,930.96
6,214.44
5,271.05
5,538.90
4,580.87
4,220.05
4,254.38
Current Investments
1,352.96
1,025.48
1,050.06
1,908.02
2,077.18
1,066.08
540.30
384.00
823.17
723.13
Inventories
3,578.44
3,216.08
3,126.25
2,710.46
1,793.94
1,734.70
1,844.67
1,359.89
1,075.20
996.78
Sundry Debtors
2,899.61
3,167.15
3,087.46
2,162.30
1,409.58
1,493.85
2,147.84
1,937.14
1,341.07
1,401.74
Cash & Bank
1,291.38
1,689.92
1,039.52
603.02
472.86
575.11
475.46
304.06
336.08
449.29
Other Current Assets
1,109.96
361.49
312.96
300.24
460.89
401.31
530.63
595.77
644.53
683.44
Short Term Loans & Adv.
816.90
555.39
385.77
246.93
238.57
260.23
332.59
293.04
224.14
283.77
Net Current Assets
1,529.34
735.40
725.16
1,816.74
1,696.71
1,303.66
1,430.09
826.99
1,013.89
1,385.60
Total Assets
19,898.17
19,183.95
18,234.66
15,491.83
13,087.78
11,482.42
11,578.28
9,976.77
8,840.74
8,291.96

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Cash From Operating Activity
1,796.34
1,664.39
1,294.47
505.85
1,020.02
1,521.95
911.47
967.36
1,051.67
1,355.78
PBT
1,459.53
1,433.68
860.38
1,413.53
4.52
504.61
1,610.36
1,196.14
946.79
965.80
Adjustment
1,287.55
1,172.83
887.66
671.70
725.24
789.68
526.02
561.64
399.18
496.89
Changes in Working Capital
-345.74
-423.60
-36.34
-1,226.86
383.66
460.74
-674.66
-397.87
-21.43
197.51
Cash after chg. in Working capital
2,401.35
2,182.91
1,711.70
858.38
1,113.42
1,755.04
1,461.71
1,359.91
1,324.55
1,660.20
Interest Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Tax Paid
-605.01
-518.51
-417.23
-352.53
-93.40
-233.09
-550.25
-392.55
-272.87
-304.43
Other Direct Exp. Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Extra & Other Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Cash From Investing Activity
-1,964.33
-666.75
-1,671.33
-690.05
-1,511.06
-1,132.24
-1,175.09
-814.16
-684.38
-926.82
Net Fixed Assets
-843.15
-425.50
-417.07
-143.23
-233.99
-692.38
-853.79
1,850.50
-406.74
-870.53
Net Investments
-1,579.74
-186.00
-379.56
-330.21
-1,216.44
-160.70
-131.38
-288.66
-350.90
-317.51
Others
458.56
-55.25
-874.70
-216.61
-60.63
-279.16
-189.92
-2,376.00
73.26
261.22
Cash from Financing Activity
-569.70
-202.69
280.27
310.17
578.29
-381.42
367.65
-314.42
-400.66
-448.33
Net Cash Inflow / Outflow
-737.69
794.96
-96.60
125.96
87.26
8.29
104.03
-161.22
-33.37
-19.38
Opening Cash & Equivalents
1,315.31
508.71
558.42
447.31
312.62
286.21
202.98
272.31
357.90
338.82
Closing Cash & Equivalent
621.03
1,315.31
508.71
558.42
447.31
312.62
286.21
202.98
324.53
357.90

Financial Ratios

Consolidated /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Book Value (Rs.)
193.28
153.73
143.94
141.09
116.31
112.11
115.47
99.91
88.41
73.31
ROA
4.67%
4.86%
3.01%
7.54%
-0.79%
3.40%
9.69%
8.02%
7.71%
7.86%
ROE
11.14%
13.13%
7.66%
17.97%
-1.82%
7.40%
20.82%
17.21%
17.53%
18.94%
ROCE
12.43%
13.75%
8.75%
13.61%
1.12%
7.13%
20.07%
17.20%
14.92%
16.93%
Fixed Asset Turnover
1.31
1.48
1.40
1.32
0.90
1.35
1.93
1.38
0.94
1.12
Receivable days
72.43
72.16
74.01
61.85
83.63
82.50
73.48
71.10
75.86
58.78
Inventory Days
81.12
73.17
82.29
78.00
101.63
81.09
57.64
52.81
57.31
52.93
Payable days
127.48
109.15
115.80
122.86
155.04
63.24
59.42
60.28
59.51
63.12
Cash Conversion Cycle
26.07
36.19
40.50
17.00
30.22
100.34
71.70
63.64
73.66
48.59
Total Debt/Equity
0.68
1.04
1.01
0.86
0.92
0.83
0.75
0.70
0.76
0.99
Interest Cover
4.49
3.90
3.77
9.61
1.04
3.95
13.66
12.23
10.47
9.33

Annual Reports:

FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
FY 2019
FY 2018
FY 2017
FY 2016

News Update:


  • Bharat Forge - Quarterly Results
    12th Nov 2025, 00:00 AM

    Read More
  • Bharat Forge’s arm signs agreement with MP3 International
    12th Sep 2025, 11:00 AM

    Under the agreement, Kalyani Strategic Systems will supply to UAE with large calibre 155mm barrels for howitzers

    Read More
  • Bharat Forge’s arm to purchase land in Andhra Pradesh
    5th Sep 2025, 10:23 AM

    This acquisition of land is in line with Company’s growth objective and will allow the Company to further expand its presence in the Defence sector

    Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.